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| Good Wednesday to you, Daily Money subscribers, it's Nathan here once again! |
| How would you like to live in a $400 billion city built from scratch in the desert? |
| I'm not talking about Tattoine here. It's what billionaire and former Walmart president Marc Lore is apparently envisioning. He unveiled a proposal for a 150,000-acre city with "eco-friendly architecture, sustainable energy production, and a drought-resistant water system," Scott Gleeson reports. |
| I'm all for thinking big. But I'm also for thinking realistically. |
| For example, I'd like to know more about this "drought-resistant water system" that somehow works in ... you know ... the desert. |
| 💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here! |
| On to our ... |
| 💡 INSIGHT OF THE DAY: Bitcoin holds a lot of promise, but it also holds substantial risk. El Salvador is experiencing that firsthand. After making Bitcoin one of its official currencies – along with the U.S. dollar – on Tuesday, the cryptocurrency's value briefly dropped from more than $52,000 per coin to $42,000 . It later recovered about half of that loss. But just imagine your bank account dropping by about 19% in a single day just due to currency swings. Gulp. |
| ⌚ WHAT TO WATCH FOR: Apple announced an event to unveil new hardware on Sept. 14. It's widely expected to reveal the iPhone 13 at the event. We'll have detailed coverage at USATODAY.com/tech. |
| 📰 And here are more stories you won't want to miss: |
| 1. We make kids learn a lot in school: Shouldn't money management be part of their education? |
| 2. Ford Mustang production grinds to a halt: A Ford plant in Michigan spilled 1,400 gallons of gas into city sewers, forcing evacuations. |
| 3. Visiting Maui this fall? Forget about indoor dining at restaurants and bars unless you're vaccinated. |
| 4. Grimace is a what? A McDonald's manager's interview left the internet even more confused about the purple creature. |
| I'll tell you what he is as soon as I go dig up one of those classic Grimace Happy Meal toys. |
| --@NathanBomey |
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